Laura Jewett

Laura Jewett

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Closed

$199,000

($159,276 down)
FHA

417 Park Street E, New York Mills, MN 56567

3
2
3,369 sqft
PITI Monthly
$1,132.65 /mo

Listing courtesy of: , eXp Realty

Assumed Rate

5.25%
7.15%

Principal & Interest

$754 /mo
$878 /mo

What's Special

LOCATION
SERENE
ENTERTAINMENT
DINING
GAME ROOM
COZY

While this home has great bones and incredible potential, it does require some TLC to bring out its full charm and make it your own. Nestled on a sprawling 3.7-acre wooded lot within city limits, this 1 1/2 story farmhouse offers the perfect blend of country charm and urban convenience. The property boasts incredible curb appeal with a tarred u-shaped driveway having 2 entrances. Step inside to discover a warm and inviting interior featuring both informal and formal dining rooms, a cozy living room, a family room perfect for gatherings, and a game room for endless entertainment. The main level also includes a convenient laundry room and bathroom combination for added ease. Upper-level features two generously sized bedrooms, along with a well-appointed bathroom, this home offers ample space for everyone. The unfinished bonus room offers a blank canvas for you to customize and create the perfect space for your needs, whether it be an additional bedroom, office, or playroom. Get out of the weather with two covered entry porches. Enjoying the privacy and serene views of your expansive, wooded backyard—a true oasis within the city. This is a must-see for anyone looking for a home with both character and potential. Don't miss this rare opportunity to own a piece of tranquility in a prime location! Well is not in service, city water connection is needed. Home sold “AS IS” Seller is related to Agent.

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
5.25
Remaining Loan Term
4 years, 4 months
Monthly PITI
$1,132.65/mo
Estimated Loan Balance
$88,598
Cash to close
$159,276
Interest Paid
$64,874

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 2
Cooling & Heating
  • Cooling: None
  • Heating: Baseboard, Boiler, Fireplace(s), Hot Water, Radiant, Space Heater
Features
  • Materials: Wood Siding
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Electric, Family Room
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Asphalt
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: Private, Sand Point, Well
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Unknown
Materials
  • Wood Siding
  • Roof: Asphalt
Condition
  • Year Built: 1918
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Wm V Smiths Add
  • Features: Grab Bars In Bathroom
HOA
  • Has HOA: No
Location
  • Region: New York Mills

Financial Details

  • Price per Sqft: $59.07
  • Tax Annual Amount: $1790
  • On Market Date: 2024-08-17T00:00:00.000Z
Inquire about this property

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Apply to Assume

Fill out an application to explore financing options for assuming this loan.

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Savings Calculator

Current cash to close is $159,276 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$

You cover the entire equity of $159,276!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.25% Sellers Rate
$39,724
Your Cash:$159,276
Total Purchase Price:$199,000

Assumed vs Traditional Mortgage

Assumed @ 5.25%
$754/mo
Traditional @ 7.5%
$903/mo
You save $149/month ($1,786/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6583098

Listing From: northstar

Last updated: 2024-11-16T17:14:02.000Z

© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

5.25%
7.15%

Principal & Interest

$754 /mo
$878 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $159,276 (80%)
You can enter any amount below - secondary financing will cover the difference if needed.
80%
$

You cover the entire equity of $159,276!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage5.25% Sellers Rate
$39,724
Your Cash:$159,276
Total Purchase Price:$199,000

Assumed vs Traditional Mortgage

Assumed @ 5.25%
$754/mo
Traditional @ 7.5%
$903/mo
You save $149/month ($1,786/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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